RBI gold reserves: After a relatively conservative spell of gold buying, the Reserve Bank of India (RBI) stacked up almost half a tonne of gold in the last week of June. In India’s foreign exchange reserves, gold has shown the most substantial growth in recent years, with its value increasing by more than 80% over five years. The proportion of gold in India’s foreign exchange reserves rose to 12.1% as of July 18, 2025, compared to 8.9% on July 19, 2024.